This article was updated on July 12, 2024.
Written by Michael Feder
Reviewed byĚýKathryn Uhles, MIS, MSP,ĚýDean, College of Business and IT
Business management is the process of organizing and optimizing business processes and operations so a company and its employees can work as efficiently as possible. Although similar to business administration, business management is broader and more theoretical.ĚýLet’s talk more about what graduates can do in this career field.
A business management degree is designed to prepare students to supervise, govern and handle a business’s operations. As opposed to more technical business degrees, a business management degree is broader in scope, looking at the big picture of running a business.
Rather than the specifics of day-to-day business operations, business management focuses on the bigger picture, soft skills and interpersonal relationships. It’s one of the best business degrees to get if you want to enjoy many potential career options, learn about a holistic approach to business operations, and become a well-rounded business professional.
Simply put, business management is a growing and varied field. Depending on the path you take, you may be able to enjoy high earning potential, job security and myriad opportunities for advancement.
Some business schools may offer electives or certificates, allowing students to specialize and further develop skills in a certain area. Business majors might focus on specific areas of management, including operations management, project management or general management, to earn an additional certificate alongside their degrees. Students may also focus on an entirely different area — such as information technology — to add more depth to a degree and open more career pathways.
Like other business degrees, business management degrees are incredibly useful and offer opportunities in a variety of fields. With a degree in business management, you can pursue careers related to:
However, your options don’t have to stop there. With such a versatile degree, you are prepared for a number of opportunities. You can even become an entrepreneur and start your own business if you’re so inclined. The exact way you use your degree will depend on your interests, preferred specialization and desired career path.
If you have a business management degree, you may be able to find a job through any of the traditional methods of job hunting, such as searching online and networking. If you’re still in business school, touch base with a career advisor for more personalized guidance and assistance.
When searching for jobs online, turn to popular job search websites, such as , , and ®. You can use keywords like “business manager” and “business management” to find postings. If you want to specialize or work in a particular industry, use terms that match that specialty or field. Business management is a broad term, so you’ll get more specific results if you use more descriptive search phrases.
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Here are some of the specific business roles you may be able to take on with your degree:
Overview: Business managers are responsible for overseeing many, if not all, aspects of a business’s daily operations. They ensure that a business is running smoothly and on track to meet organizational goals. Depending on the organization, a business manager may oversee other departments, including finances, marketing and human resources.
National average salary: BLS reports that administrative services and facilities managers — the organization’s closest occupation to a business manager — had a per year. Salaries vary by industry, company size and other factors like location and experience.
Education requirements: To become a business manager, you will need a bachelor’s degree and several years of hands-on experience in the workplace. Some organizations, particularly larger ones, may even require a master’s degree in business management.
Job outlook: Per , jobs in all management occupations are expected to grow 9% between 2020 and 2030. This amounts to about 906,800 new jobs in the coming years.
Salary ranges are not specific to students or graduates of °®¶ą´«Ă˝. Actual outcomes vary based on multiple factors, including prior work experience, geographic location and other factors specific to the individual. °®¶ą´«Ă˝ does not guarantee employment, salary level or career advancement. BLS data is geographically based. Information for a specific state/city can be researched on the BLS website.
BLS Occupational Employment Projections, 2022-2032 is published by the U.S. Bureau of Labor Statistics. This data reflects BLS’ projections of national (not local) conditions. These data points are not specific to °®¶ą´«Ă˝ students or graduates.
Overview: General and operations managers typicallyĚýdirect daily operations, create staff schedules and ensure employees work toward team goals among other management duties.
National average salary:ĚýAs of May 2023, general and operations managersĚý, with a median wage of $101,280, according to BLS.
Education requirements:ĚýTypically, a is needed for these roles.Ěý
Job outlook:ĚýBLS lists general and operations managers under 'top executives'. There is a for these roles from 2022 to 2032, according to BLS. That's about 311,600 openings each year.
To get a business management degree, you need to make a few key decisions. First and foremost, you need to decide what kind of educational experience you want. Will you attend school online, in person or through a combination of the two? There are advantages and drawbacks to both virtual and traditional classes, and one isn't inherently better than the other. Instead, pick the option that works best for you.
After you’ve made that decision, you can start researching schools and their business management programs. Review the entry requirements and curriculum to see which would be a good fit for you and your goals. Check to see if these schools offer minor programs; specialties or concentration areas; or certificates. From there, apply to the schools that most interest you.
After you get into a program and start business school, focus on your studies! If you want to succeed as a business professional, do your best to learn the material. Simply put, take advantage of all the knowledge and resources available to you during your time as a student.
Typically, it takes four years of full-time study to get a bachelor’s degree in business management. You may be able to move through a program more quickly if you take more than the minimum number of required classes each term or find alternative ways to earn class credit. Some business schools offer accelerated or condensed programs, which may be a good option if you want to complete your degree as quickly as possible.
Conversely, it will take longer to get your degree if you go to school part time or take time off from your studies. If you do a double major, or add a minor or certificate to your program, you may spend more than four years completing your undergraduate degree.
Keep in mind that program length can vary among schools; be sure to check the expected duration of your program when planning out your education. Further, you will need to spend an additional year or two going to school if you choose to pursue a master’s degree in business management.
If you want to reach your academic and professional goals as quickly as possible, it’s best to start preparing for your degree in advance. It doesn’t matter if you’re in high school or going back to school as a working adult; take some time to set yourself up for success. You can then devote your time to learning about the details of business management and focusing on your professional development.
Here are a few ways you can begin prepping for your business management degree:
Ultimately, a business management degree is what you make of it. It’s a broad and varied field, filled with possibility and opportunity. Once you get your degree, it’s up to you to figure out what to do with it.
Explore multiple options before committing to one path.ĚýLearn more about a degree inĚýbusiness managmentĚýand explore otherĚýonline business degreesĚýdesigned for students who need to take courses arond their unique schedule.
A graduate of Johns Hopkins University and its Writing Seminars program and winner of the Stephen A. Dixon Literary Prize, Michael Feder brings an eye for detail and a passion for research to every article he writes. His academic and professional background includes experience in marketing, content development, script writing and SEO. Today, he works as a multimedia specialist at °®¶ą´«Ă˝ where he covers a variety of topics ranging from healthcare to IT.
Currently Dean of the College of Business and Information Technology,ĚýKathryn Uhles has served °®¶ą´«Ă˝ in a variety of roles since 2006. Prior to joining °®¶ą´«Ă˝, Kathryn taught fifth grade to underprivileged youth in Phoenix.
This article has been vetted by °®¶ą´«Ă˝'s editorial advisory committee.Ěý
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